Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
As of close of business last night, Nuvation Bio Inc’s stock clocked out at $3.19, up 0.31% from its previous closing price of $3.18. In other words, the price has increased by $0.31 from its previous closing price. On the day, 1.54 million shares were traded. NUVB stock price reached its highest trading level at $3.248 during the session, while it also had its lowest trading level at $3.165.
Ratios:
To gain a deeper understanding of NUVB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 44.11 and its Current Ratio is at 44.11. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on March 27, 2024, Upgraded its rating to Buy and sets its target price to $10 from $1.40 previously.
On March 26, 2024, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $5.
Jefferies Downgraded its Buy to Hold on January 06, 2023, whereas the target price for the stock was revised from $5 to $2.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NUVB now has a Market Capitalization of 787065472 and an Enterprise Value of 91551440.
Stock Price History:
Over the past 52 weeks, NUVB has reached a high of $4.16, while it has fallen to a 52-week low of $0.95. The 50-Day Moving Average of the stock is 17.63%, while the 200-Day Moving Average is calculated to be 77.64%.
Shares Statistics:
It appears that NUVB traded 1.43M shares on average per day over the past three months and 1227030 shares per day over the past ten days. A total of 218.05M shares are outstanding, with a floating share count of 134.69M. Insiders hold about 38.51% of the company’s shares, while institutions hold 53.75% stake in the company. Shares short for NUVB as of 1713139200 were 3192248 with a Short Ratio of 2.23, compared to 1710460800 on 2820950. Therefore, it implies a Short% of Shares Outstanding of 3192248 and a Short% of Float of 2.11.
